Gujarat Hy-Spin Limited IPO (Gujarat Hy-Spin IPO) Detail

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Incorporated in 2011, Gujarat Hy-Spin Limited is Rajkot Gujarat based company engaged in manufacturing of cotton yarns. Company started with trading of Cotton Bales, Cotton Seeds and Wash Oil and in 2013 moved to manufacturing of cotton yarns mainly in domestic market and third party exports.

Company sell cotton yarns to the traders who further sell it to other Industrial units for weaving and other purposes. Company also sells directly to Industrial units for weaving purpose. Company's manufacturing plant is spread 15381.28 square meters which is well equipped with plant and machinery such as Blow room, Humidification facility, Contamination sorter, Link Conner etc.

Company Promoters:

The Promoters of the Company are Maganlal Parvadiya and Chandulal Parvadia. The Promoters collectively hold in aggregate 92,30,660 Equity Shares representing 55.11% of the pre-offer Paid up share capital of our Company and will continue to hold a majority of post-Offer paid up share capital of the Company.

Objects of the Issue:

The Objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the offer for sale of 44,50,000 Equity shares by the Selling Shareholders.

Gujarat Hy-Spin IPO Reviews / Recommendations:

Gujarat Hy-Spin IPO Subscription Status / Live Bidding Status

Gujarat Hy-Spin IPO Subscription Status tells if Gujarat Hy-Spin IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Gujarat Hy-Spin IPO oversubscribed if bids are received for more shares than what is offered by the company.

Gujarat Hy-Spin IPO Lead Manager(s)

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Seems impossible logically because of high and stretched valuations but might be possible because:1. Very Small Issue of 425 lots only (4.45 Crore Issue) so easily manipulatable2. After budget, market might come back in bullish trend.3. Decent subscription figures.4. Pantomath Let''s see how it goes. (Even TIRUPATI FORGE came with high valuations but it''s more than double in 2-3 months time now.. it has almost same factors as mentioned above...)

Umang,let me understand your point..How its stretch valuation? No one can offer shares below par value..NAV and book value of the company is 11.36. Company valution always more than NAV.I expect atleast 14 rs price for this IPO. Now on subscription side people only see grey market premium which was certain miss from promotor as its fpo and no money going to company or promotors.

Review by Dilip Sir, Recommended for subscription. But Review comment looks not supporting this. "If we annualize latest earnings and attribute it on post issue equity, then asking price is at a P/E of around 50 thus even at par value, it is not a worthy bet. Peers are trading in the P/E range of 6 to 44."

Hello friends, I hope you have read my conclusion. I have clearly said that investment in this at par issue may be considered for long term only. All are aware that no company can issue share at discount (i.e. below par value). As this issue is from textile sector which is being job oriented and in this budget some sops are expected, I have concluded for investment on long term basis only. So those who have surplus cash, may consider it for long term. I hope I have explained my rationals.

Pantomath is there my friend but they can''t manage everything. Logically , it shouldn''t go -ve but it shouldn''t go too positive as well. Better to try something which is better... VASA OR FOCUS IPO you can try. If you get allotment then minimum 2 UCs are confirmed.